Benghazi is the second largest city in Libya. Benghazi is one of Libya's major economic centres with it's important port which is vital to the economy, as Libya imports many foodstuffs and manufactured products. Benghazi is also an industrial and commercial centre in Libya. Major manufactured goods include processed food, textiles, tanning, processed salt and construction materials, particularly cement. Libya is in Northern Africa, bordering the Mediterranean Sea, between Egypt and Tunisia. The climate is mediterranean along the coast and dry, extreme desert in the interior. The official language is Arabic. The government seriously pursues an Arabic-only policy in official business and official documents. However, business can be conducted in English as many Libyans speak the language. Some Libyans also speak Italian and French. There are a number of secondary languages in Libya. A number of Berber dialects are spoken in the Jebel Nafusa and parts of Cyrenaica. The Tuareg population in southern Libya speaks Tamashek. The nomadic Tubu community in the Sahara desert speaks Tubu. The main religion is Islam. The economy of Libya depends primarily upon revenues from the oil sector, which constitute practically all export earnings. In Libya Islamic values and local cultural sensitivities should be respected. It is not advisable to take photographs of local people, or official buildings etc. It is advisable to use your right hand for eating, greeting and accepting gifts. Business meetings in Libya are usually formal. Expatriate business dress is conservative and formal although men often do not wear jackets because of the hot climate. Expatriate women generally dress modestly, with high necklines, hems below the knee and sleeves at least to the elbows. The working week is Sunday to Thursday. The security risk for expatriates in Libya is high to extreme. Risks include travel within the country, kidnapping, clashes between rival militia, violent demonstrations, road accidents, poor infrastructure and attacks on foreigners. The currency of Libya is the Libyan Dinar (LYD). Libya is a cash based country. Credit cards are not accepted. There are some ATMs in Tripoli that accept international cards. Money transfers can be arranged through some banks. Medical facilities are generally below international standards. For medical emergencies evacuation to Malta or mainland Europe is usually required, but the status of rescue services is uncertain. The population of Benghazi is 1.1 Million (2019 est.), while the inflation rate (CPI) is -1.6% for Libya as at February 2019. Xpatulator Hypothetical Tax for Libya is based on the current personal income tax rates which are progressive up to 10%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Benghazi, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Benghazi as at 1 July 2019 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: High 4) Education: Average 5) Furniture & Appliances: Very High 6) Groceries: Average 7) Healthcare: Very Low 8) Household Accommodation: Low 9) Miscellaneous: Average 10) Personal Care: Very Low 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: High 13) Transport: Very Low Benghazi is for example 16.1% more expensive than Houston TX for groceries, 3.4% more expensive for household costs than Kuala Lumpur, and -20.2% cheaper for transport costs than Dubai. The hardship premium for Benghazi for an expat from Perth, is for example 30%, i.e. host location (Benghazi) premium of 40% minus home (Perth) location premium of 10%. Benghazi is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Benghazi? Register subscribe to your home location and Benghazi and run your personalised reports.